Description
Are you planning to become a licensed Mortgage Loan Originator? If so, you must pass the National Test. Make no mistake, it is a tough exam.
Our test preparation program has been updated to include TILA-RESPA Integrated Disclosure Rule (TRID), New HUD Rules, and the New Borrowers Home Loan Tool Kit. (THIS COURSE IS FOR TEST PREPARATION PURPOSES ONLY AND IS NOT FOR NMLS CREDIT!)
Every mortgage professional who originates loans for a non-Federal Deposit Insurance Corp.-insured entity must be licensed. Being licensed means having to pass the National Mortgage Licensing System (NMLS) pre-licensing exam.
According to the NMLS website, between July 30, 2009, and this past November 30, 2018 the first time “pass” rate of the national loan originator exam has fallen to 55 percent. That means that almost 45% of test-takers are failing the exam! This is an indication that the test is not too easy! We have a 92% pass rate based on students that have taken our Exam Prep Cram Course.